MINERS’ BITCOIN PRODUCTION DIPPED IN JANUARY AMID ENERGY CURTAILMENT

Summary from the TLDR Crypto newsletter

Severe winter storms have caused significant month-over-month reductions in Bitcoin production from miners. Major mining firms, such as Marathon Digital, Core Scientific, and Riot Platforms reported decreases in their output due to increased energy demands and related outages. Despite the downturn, some companies are planning to retain a larger proportion of their Bitcoin due to the upcoming 'Bitcoin halving', which will decrease blockchain mining rewards.